Media coverage about NVIDIA (NASDAQ:NVDA) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. NVIDIA earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the computer hardware maker an impact score of 45.7279748297682 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
NVDA has been the subject of several analyst reports. SunTrust Banks reissued a “buy” rating and issued a $200.00 target price (up previously from $181.00) on shares of NVIDIA in a research note on Monday, October 2nd. Citigroup reaffirmed a “buy” rating and set a $210.00 price objective (up previously from $185.00) on shares of NVIDIA in a research note on Friday, September 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research note on Thursday, September 28th. Mizuho reaffirmed a “buy” rating on shares of NVIDIA in a research note on Monday, September 25th. Finally, Vetr raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $186.34 price objective for the company in a research note on Monday, September 25th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. NVIDIA presently has an average rating of “Buy” and a consensus price target of $193.10.
Shares of NVIDIA (NASDAQ:NVDA) traded up $5.67 on Friday, hitting $230.11. The company’s stock had a trading volume of 14,739,575 shares, compared to its average volume of 12,390,000. NVIDIA has a one year low of $95.17 and a one year high of $231.09. The firm has a market cap of $139,450.00, a price-to-earnings ratio of 57.53, a price-to-earnings-growth ratio of 5.23 and a beta of 1.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26.
NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the company posted $0.94 EPS. NVIDIA’s quarterly revenue was up 31.5% on a year-over-year basis. analysts anticipate that NVIDIA will post 4.19 earnings per share for the current year.
In other NVIDIA news, Director Persis Drell sold 606 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the transaction, the director now directly owns 26,104 shares of the company’s stock, valued at approximately $5,144,315.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 171 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,858 shares of company stock worth $4,227,384. 5.82% of the stock is currently owned by corporate insiders.
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NVIDIA Company Profile
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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